Brief: CPI Property Group Says Have Agreed Upon Apollo's Subscription For New Shares For Eur 300 Million

Cpi Property SA

22/11/2021 19:17

Nov 22 (Reuters) - CPI Property Group SA  O5G.DE :
    * DGAP-ADHOC: CPI PROPERTY GROUP - CAPITAL INCREASE
    * ISSUE OF 487,012,987 NEW ORDINARY SHARES OF CPIPG PRICED
AT EUR
0.616/SHARE
    * SAYS HAVE AGREED UPON APOLLO'S SUBSCRIPTION FOR NEW SHARES
FOR A
TOTAL AMOUNT OF EUR 300 MILLION
    * CPIPG EXPECTS THAT NEW SHARES WILL BE ISSUED TO APOLLO
FUNDS
BEFORE END OF 2021, RESULTING IN A STAKE OF ABOUT 5.5%
    * CPIPG WILL INCREASE ITS FFO I DISTRIBUTION TARGET FROM 50%
TO
65% BEGINNING IN 2022

Source text for Eikon:  ID:nEQ8tG8Ysa 
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